Walmart May Face Lesser Resistance From Regulators

Walmart has recently filed a patent that will see it introducing its own cryptocurrency in the future.

This is in many ways similar to what is Facebook is attempting for its Libra project which has been under much scrutiny for policy makers and regulators alike, however, the retail giant many not see the same amount of pushed back.

Jaret Seiberg, a managing director and Policy analyst from an investment bank and financial services provider speculates that the stablecoin proposed by Walmart may not experience the same push back from regulators as it might have some sort of demographic appeal for the Democratic Legislators.

He also adds that Walmarts cryptocurrency differs from the scale of Libra, which, from the very start as emphasized to create a cryptocurrency intended for global scale cross-border payments and settlements.

It will be quite some time before Walmart’s stablecoin, if approved, will hit the retails giants stores as for now pundits could only speculate on its potential use and success.